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Canceled

2 Cousins St, Salem MA 01970

$749,900

Estimated $1,729.21/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $374,950

Total Rent: 19200/year

Estimated CAP Rate: 1.74%

3 Bedrooms

3 Full Baths

1,674 SqFt

Total Parking: 2

1,943 SqFt

This charming two-family property is perfectly located in Salem’s historic district, just steps from Derby Wharf and Salem Common. Offering two spacious units with bright living spaces, this property blends historic charm with modern convenience. On-site laundry and ample storage add to tenant satisfaction. The property enjoys stable rental income with potential for growth, thanks to its prime location near Salem’s top attractions and vibrant downtown. Ideal for investors or homeowners seeking rental income, this property offers a unique chance to own a piece of Salem’s history in a highly desirable neighborhood. Don’t miss out.

This home has been viewed 29 times

Last Checked: November 5th, 2024 at 5:19am (Source: MLS PIN #73296274)

Gross Income: $19,200

Gross Expenses: $6,159

Net Income Calc: $13,041

CAP Rate: 1.74%

Water Views

Annual Expenses for 2 Cousins St, Salem MA 01970

Total Gross Expenses (Calculated)$6,159/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,159

Annual Income & Unit Breakdown for 2 Cousins St, Salem MA 01970

Total Gross Income (Calculated)$19,200

Unit 1

Rental Income$1,600

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesNo

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor2

Levels in Unit2

HeatingYes

Rent IncludesNo

General Information for 2 Cousins St, Salem MA 01970

Listing ID73296274

Property TypeMulti Family

Price$749,900 ($447.97/SqFt)

StyleMulti Family

CitySalem

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total1,674 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking2

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 2 Cousins St, Salem MA 01970

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceNo

Total Gross Expenses By Broker$0

Total Gross Income By Broker$19,200

Total Net Income By Broker$19,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 2 Cousins St, Salem MA 01970

Real Estate Taxes$6,159

Tax Year2024

Assessed Value$530,000

Financial Data SourceNo

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$19,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$19,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.74%

Location Information for 2 Cousins St, Salem MA 01970

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesWalk/jog Trails, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, Tennis Court(s)

Contact Information for 2 Cousins St, Salem MA 01970

Agent

Name: Herrick Lutts Realty Partners

Office

Name: Herrick Lutts Realty Partners

Phone: 978-927-1959

Team Members

Name: Nicholas Zolotas

Phone: 978-968-0308

Payment Calculator

, Interest

Property Taxes 513.25

Principal & Interest 4620.65

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Herrick Lutts Realty Partners

Agent Phone

Office Phone

(978) 927-1959

Text Agent Call Agent Call Office

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EXIT

Canceled

2 Cousins St, Salem MA 01970

$749,900

Annual Expenses for 2 Cousins St, Salem MA 01970

Annual Income & Unit Breakdown for 2 Cousins St, Salem MA 01970

General Information for 2 Cousins St, Salem MA 01970

Disclosures for 2 Cousins St, Salem MA 01970

Financial Information for 2 Cousins St, Salem MA 01970

Location Information for 2 Cousins St, Salem MA 01970

Contact Information for 2 Cousins St, Salem MA 01970

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Exclusive Listing Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners